AMC Networks (NASDAQ:AMCX) Issues Earnings Results, Misses Estimates By $0.41 EPS

AMC Networks (NASDAQ:AMCX - Get Free Report) announced its quarterly earnings results on Friday. The company reported $0.64 earnings per share for the quarter, missing analysts' consensus estimates of $1.05 by ($0.41), Zacks reports. AMC Networks had a return on equity of 17.41% and a net margin of 1.45%. The business had revenue of $599.30 million for the quarter, compared to analyst estimates of $611.26 million. During the same period last year, the firm earned $0.72 EPS. AMC Networks's quarterly revenue was down 11.7% compared to the same quarter last year. AMC Networks updated its FY 2025 guidance to EPS.

AMC Networks Price Performance

NASDAQ AMCX traded down $0.47 during midday trading on Tuesday, hitting $8.32. The company had a trading volume of 1,063,618 shares, compared to its average volume of 452,717. The firm has a 50-day moving average price of $9.46 and a 200-day moving average price of $9.13. The company has a market capitalization of $367.08 million, a PE ratio of 13.21 and a beta of 1.31. The company has a current ratio of 2.32, a quick ratio of 2.32 and a debt-to-equity ratio of 2.03. AMC Networks has a twelve month low of $7.08 and a twelve month high of $18.58.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. decreased their target price on AMC Networks from $9.00 to $8.00 and set an "underweight" rating on the stock in a report on Tuesday. Morgan Stanley decreased their price objective on shares of AMC Networks from $10.00 to $9.00 and set an "underweight" rating on the stock in a report on Tuesday, November 12th. StockNews.com cut shares of AMC Networks from a "buy" rating to a "hold" rating in a research note on Monday. Finally, Seaport Res Ptn upgraded shares of AMC Networks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, October 22nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $8.33.

About AMC Networks

AMC Networks Inc, an entertainment company, owns and operates a suite of video entertainment products that are delivered to audiences, a platform to distributors, and advertisers in the United States, Europe, and internationally. The company operates through Domestic Operations, and International and Other segments.